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Nitella [24]
3 years ago
14

(Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are

known as ____________ resources. b. Resources that are available only in a fixed amount are ____________ resources. c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the ____________.
Business
1 answer:
Tamiku [17]3 years ago
7 0

Answer:

a. Renewable resources

b. Exhaustible resources

c. Common pool resources

Explanation:

a. Resources for which periodic use can be continued indefinitely are known as <u>renewable resources</u>. These refer to resources which can be reproduced and available over a period of time

b. Resources that are available only in a fixed amount are <u>exhaustible resources</u>. These refer to resources which are available at fixed quantity.

c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the <u>Common pool resources</u>. These refer to renewable resources which can be accessible by everyone.

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